WUXI LEAD to Direct Raised Capital Towards Core Operations and Sustainable Growth

Deep News03-31

WUXI LEAD announced during an investor Q&A session that the capital raised from its recent offering will be concentrated on its core business operations and long-term development. The funds are primarily allocated for the following areas: (1) Expanding the global research and development, sales, and service networks, along with strategic external investments, to enhance its worldwide presence and strengthen market coverage and industrial chain synergy. (2) Deepening the platform-based strategy to advance the industrialization of next-generation battery technologies, including solid-state batteries, sodium-ion batteries, and perovskite solar cells, aiming to secure a leading position in technology and market opportunities. (3) Investing in the optimization of product design, manufacturing processes, and intelligent equipment technology to improve product competitiveness and manufacturing efficiency. (4) Developing digital infrastructure to enhance digital capabilities and operational efficiency. (5) Supplementing working capital to ensure stable daily operations.

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